Wednesday, May 06, 2009

BRAZILIAN GOVERNMENT JUMPING UP AND DOWN WITH JOY, FINDS TIME TO PUT OUT A PRESS RELEASE ABOUT COUNTRY’S ONGOING COMMODITIES BOOM

Here’s the relevant snippet (my translation) from the Brazilian government’s press release regarding the recent shocking evolution of the country’s exports. The release, dated May 4, is in MS Word format, in Portuguese, and can be found here.
EXPORTS HIGHLIGHTS FOR APRIL 2009
"(In April 2009), over the same period of the previous year, basic products grew 27.4%, totaling USD 5.594 billion, a record for any April on record; while manufactured goods (USD 5.041 billion) and semi-manufactured goods (USD 1.434 billion) registered a decline of 27.4% and 17.2%, respectively, considering the daily average.

Among basic products, the main highlights concern crude oil (+230.0%, up to USD 462 million), iron ore (+115.7%, up to USD 1.4 billion), soy meal (+54.5%, up to USD 418 million), soy beans (+15.8%, up to USD 1.5 billion), and poultry (+9.4%, up to USD 424 million)."


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And here are the tables with the data for selected products for March and April 2009, April 2008, and year-on-year and month-on-month calculations (email me for the Brazilian government's Excel spreadsheets with the complete data set - translated).

(Source: Brazilian Ministry of Development, Industry, and Commerce)

2 comments:

The Shocked Investor said...

Henrique,

Very nice blog. I was wondering if you have any insights on the SDA-PDA merger. These are companies we follow here. And also has the swine flu has actually benefitted them given that for example mnay countries have banned Canadian pork?

Henrique Oliveira said...

I am slowly expanding coverage of Brazilian commodities and hope to get to poultry and beef soon. I'll put up a post on the SPA-PDA merger next week, given the many interesting news items that have come out in the local press about the merger.